Loren Rodgers
Private Equity Giant Blackstone Commits to Employee Stock Grants
On May 21, the Wall Street Journal reported that the alternative asset manager Blackstone would grant equity to the 18,000 employees at its portfolio company Copeland (alternative non-paywalled version at MSN). The Journal article states that under a new initiative Blackstone plans to announce this week, the practice of broad-based ownership interests for employees will apply “to all new deals going forward in which its private-equity business buys control of a company.”